Shaz takes a deep delve into the topic of due diligence and its importance in making informed decisions in business, property, and investments. He breaks down the process of conducting due diligence, starting with market analysis and understanding the target audience and industry trends. He also stresses the need to define objectives, assess business conditions, consider legal and tax obligations, and evaluate financial aspects. 

KEY TAKEAWAYS

• Due diligence is a crucial step in any business or investment, involving thorough research and analysis to gain a comprehensive understanding of the venture.
• Market analysis is an important component of due diligence, which includes assessing factors such as target audience, industry trends, and competition.
• It is essential to define your objectives and goals for the investment or business, as well as identify your target market and understand their needs and preferences.
• Legal considerations, including ownership, contractual agreements, and tax obligations, should be thoroughly examined during the due diligence process.

BEST MOMENTS

"When you're doing your due diligence...you don't have complete and full clarity on absolutely every working aspect of it." 

"The more successful people are, the more likely they are to talk to you about things that interest you." 

"Success leaves clues. We all do the same sort of things."

"Ignorance is not an excuse, especially when it comes to something that costs you money or something that is going to make you money."

VALUABLE RESOURCES

[email protected] 

https://www.facebook.com/shaznawaz11

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Shaz and Kieron debunk several myths surrounding money and wealth, looking at the importance of understanding the reality of money and wealth, rather than relying on misconceptions and false beliefs.

They challenge the notion that money is the root of all evil, highlighting that it is the love of money and greed that can lead to negative actions. Shaz also discusses the misconception that all debt is bad, explaining that debt can be a tool for generating cash flow and investing in appreciating assets. 

KEY TAKEAWAYS

• Money is not the root of all evil: The common phrase "money is the root of all evil" is often misinterpreted. The actual phrase is "the love of money is the root of all evil." Money itself is just a tool and how it is used depends on the individual's values and mindset.
• It's not about the amount of money you have, but how you manage it. Good debt, strategic investments, and wise financial decisions can help you grow your wealth and achieve financial success.
• Waiting for the perfect moment to invest or take action may lead to missed opportunities. Instead, focus on making informed decisions and adapting as needed. Timing is not always crucial, and it's better to start sooner rather than later.
• While cash provides liquidity, it may not generate significant returns. Investing in assets that generate cash flow or appreciating assets can be more beneficial in the long run, even if they are less liquid.

BEST MOMENTS

"Money isn't the root of all evil, that is a myth." 

"Money exaggerates who you are, if you're a nice person, you'll become an even nicer person." 

"Money can't buy happiness, it can only buy temporary moments of happiness." 

"Debt, like money, is a tool. If used correctly, it can be used to generate cash flow and appreciating assets." VALUABLE RESOURCES

[email protected] 

https://www.facebook.com/shaznawaz11

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Shaz and Kieron discuss the importance of building intergenerational wealth, highlighting the misconception that intergenerational wealth is only for the rich and emphasising the need for everyone, regardless of their wealth level, to consider passing on their wealth to future generations.

They discuss the alarming amount of lost money in the UK, estimated at £50 billion, due to a lack of communication and planning around intergenerational wealth, and stress the importance of having open conversations with parents and grandparents about their assets and investments to avoid unnecessary taxes and missed opportunities.

KEY TAKEAWAYS

• Building intergenerational wealth is important for everyone, regardless of their current wealth level.
• It is crucial to have open and honest conversations about finances and inheritance with parents and grandparents.
• Failing to have these conversations can result in significant tax implications and the loss of potential wealth.
• To start generating intergenerational wealth, it is important to have the right financial mindset and educate oneself on financial strategies.

BEST MOMENTS

"If you don't talk about it, you're going to pay a lot of tax." 

"There's an estimated 50 billion pounds of lost money in the UK." 

"The more you give, the more you gain." 

"Just because you like doing one thing, your children might like a completely different thing."

VALUABLE RESOURCES

[email protected] 

https://www.facebook.com/shaznawaz11

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

The team delve into the topic of habits and how they can be a game changer in one's life., focussing on how habits are often associated with negative connotations, but emphasising the importance of recognising and cultivating positive habits.

They also explore the process of creating and changing habits, highlighting the need for personal motivation and choice, and stress the significance of having a structured routine and the benefits it can bring, such as increased productivity, enhanced mental well-being, and improved personal growth. 

KEY TAKEAWAYS

• Habits can have both positive and negative connotations, but it's important to focus on creating and maintaining good habits.
• When creating a new habit, it's crucial to have a genuine desire and inner motivation to make the change.
• Start with achievable goals and small habits, gradually increasing them as your discipline and ambitions grow.
• Consistency and tracking your progress are key to forming and maintaining habits.

BEST MOMENTS

"Habits are both good and the thing is when someone says habit to you or the wider community, wider world, a lot of the time it comes with a negative connotation." 

"If one's looking to change a habit or create a new habit, is you have to realise that you really want to do it."

"I think everyone should choose to actively control their routine rather than let their, because life is what happens regardless whether you choose it or whether you don't."

"Because once you've got a process and you follow the process, then you're more likely to get consistent results."

VALUABLE RESOURCES

[email protected] 

https://www.facebook.com/shaznawaz11

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Shaz and Kieron delve into the origins of money and its evolution throughout history, focussing upon the importance of understanding the history of money in order to gain valuable insights and lessons that can be applied to various aspects of life.

From the barter system to the development of standardised coins and the transition to fiat money, the team explore how money has been used as a means of exchange and a tool for wealth creation, and discuss the concept of money as a tool and how it can be used to invest, accumulate wealth, and achieve financial goals. 

KEY TAKEAWAYS

• Understanding the history of money is important because it provides insights into the fundamental concepts and principles that still apply today.
• Money is a tool of wealth, not wealth itself. It is a means of exchange and should be used strategically to acquire assets and investments.
• Throughout history, money has evolved from the barter system to standardised coins, paper money, and now digital currencies.
• The value of money is based on trust and credibility in the institution that issues it, as opposed to being tied to a specific commodity like gold.

BEST MOMENTS

"Money isn't wealth. Money is a tool. It's a tool of wealth."

"Money as the root of all evil, the love of money as the root of all evil. Money doesn't exist. It's an inferred value." 

"If you understand what money is, then you can start looking at it slightly differently." 

"Money is a means of barter. It's a means of exchange. It's a tool to get you from point A to point B in a more efficient manner."

VALUABLE RESOURCES

[email protected] 

https://www.facebook.com/shaznawaz11

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Shaz and Kieron discuss the importance of starting financial education at a young age and how it is often overlooked by society. They emphasise the need for parents to teach their children about finances, including concepts like saving, spending, giving, and investing. They also highlight the benefits of early financial literacy, such as making better financial choices, being more confident and competent with money, and developing a mindset of investing and saving. 

KEY TAKEAWAYS

• Starting financial education at a young age is crucial for children to make better financial choices as adults.
• Parents should set a good example by managing their own finances responsibly and involving children in financial activities and decision-making.
• Open conversations about money should be encouraged, creating a safe space for children to ask questions and learn about finances.
• Teaching the difference between needs and wants helps children develop financial discipline and make informed choices about spending and saving.

BEST MOMENTS

"Children who receive a financial education in the early years tend to make better financial choices when they become adults." 

"Money doesn't grow on trees. We're working to pay the bills." 

"If you invest right, you'll get a much better return."

"I think the key difference is financial discipline."

VALUABLE RESOURCES

[email protected] 

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Shaz discusses the foundations of creating wealth, exploring its very concept, with different perspectives on what it means to different people. The episode focusses on the importance of patience, perseverance, and staying on course in order to achieve financial goals. 

KEY TAKEAWAYS

• Take the time to track your income and expenses in detail to gain a clear understanding of your financial situation.
• Continuously work on personal development and education to improve your mindset, skills, and knowledge, which will ultimately lead to greater success and wealth.
• Surround yourself with positive and knowledgeable individuals who can support and inspire you on your wealth creation journey.
• Be comfortable talking about money and work on removing any negative stories or beliefs you may have about wealth and money.

BEST MOMENTS

"Creating wealth isn't something that happens overnight. It happens one step at a time, one activity at a time, one day at a time." 

"Building wealth is a mindset. Once you get the mindset right, then everything else follows in situ one by one." 

"Track all of your expenditure line by line. Once you can list out everything that comes in and what's going out, you can then budget and manage properly." 

"Surround yourself with the right people who are positive and who know about things that you want to know about."

VALUABLE RESOURCES

[email protected] 

https://www.facebook.com/shaznawaz11

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Shaz and Kieron delve into the world of marketing and how it can be used to create wealth. They discuss the misconceptions surrounding marketing, focussing on the fact that it is simply a transfer of information and a way to satisfy customers' needs. They highlight the importance of understanding one's target audience and crafting compelling copy that evokes emotions. 

KEY TAKEAWAYS

• Marketing is about exchanging value: Marketing is not about scams or deception, but rather about providing something of value to customers in exchange for their money. It is a transfer of information and a way to satisfy customers' needs.
• Marketing is about mindset: Marketing is not just about promoting products or services, but also about creating a mindset in others. It is about influencing people's thoughts, beliefs, and behaviours to align with your own.
• Good copywriting is essential in marketing. It is important to spend time crafting compelling headlines and copy that evokes emotions and resonates with your target audience. The right words can make a significant impact on the success of your marketing efforts.
• It is important to track and measure the response to your marketing campaigns. This includes monitoring open rates, click-through rates, and other metrics to understand what is working and what needs improvement.

BEST MOMENTS

"Marketing is just a passing of knowledge. It's a transfer of information, but it's also, when you get deep into it, it's more about human psychology." 

"Marketing is all about mindset and creating a mindset in others. My mindset is the growth mindset, wealth mindset, all the rest of it" 

"Marketing is about delivering and exchanging value that satisfies somebody else's needs that you hold and they want. It's a fair and honest exchange." 

"You've got to spend your money to make sure you get some kind of return. Marketing is just another form of communication and it's about delivering and exchanging value that satisfies somebody else's needs."

VALUABLE RESOURCES

[email protected] 

https://www.facebook.com/shaznawaz11

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Shaz and Kieron delve into the complex and often misunderstood world of taxes, discussing the various factors that determine how much tax an individual should pay, and highlighting the importance of understanding one's specific situation and goals. 

KEY TAKEAWAYS

• The tax system is complex and poorly understood, requiring the expertise of professionals to navigate effectively.
• There are numerous tax reliefs, exemptions, and allowances available that can significantly reduce one's tax burden if utilised properly.
• It is within an individual's rights and obligations to structure their tax affairs in a way that minimises their tax liability, as long as it is done legally and in accordance with the tax code.
• The tax system is not a level playing field, as those with access to information and expert advice can benefit more from tax planning and optimisation.

BEST MOMENTS

"I think every question, the answer to every question should start with it depends." 

"No wonder so many people are struggling… It's just… a lot of tax." 

"A good tax expert should save you more than they charge you." 

"If you've got enough money to invest in someone that knows the tax code, you can be more efficient." 

"It's not a level playing field… One person has access to information, the other doesn't, so that person benefits." 

VALUABLE RESOURCES

[email protected] 

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Shaz and Kieron discuss the concept of good debt and bad debt, exploring the difference between the two and provide their own perspectives on the matter.

They highlight that debt can be viewed differently by individuals based on their personal beliefs and values, and discussing various types of debt, including mortgage debt, student loans, and business loans for growth, which they consider to be examples of good debt. 

KEY TAKEAWAYS

• Good debt can be beneficial in the long term, such as mortgage debt that allows for property ownership and potential appreciation.
• Student loans can be considered good debt as they enable individuals to obtain higher education and qualify for higher-paying jobs.
• Business loans for growth can be a form of good debt, as they provide funding for investments that can lead to business expansion and increased profitability.
• Bad debt includes high-interest credit card debt used for non-essential purchases, payday loans with exorbitant interest rates, and non-asset backed personal loans used for frivolous expenses.

BEST MOMENTS

"The truth's somewhere in the middle, like most things." 

"If you're taking a loan to meet your expenditure, there's a problem." 

"It is akin to indentured servitude. It is modern slavery." 

"I would rather pay twice as much for something when I can afford it, than pay half as much for it when I've got to put it on debt."

VALUABLE RESOURCES

[email protected] 

https://www.facebook.com/shaznawaz11

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.